First Trust Advisors LP boosted its holdings in shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 13.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 338,463 shares of the transportation company’s stock after purchasing an additional 38,895 shares during the period. First Trust Advisors LP’s holdings in Knight-Swift Transportation were worth $12,131,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. boosted its stake in Knight-Swift Transportation by 2.7% during the 2nd quarter. BlackRock Inc. now owns 12,280,414 shares of the transportation company’s stock valued at $403,290,000 after purchasing an additional 319,842 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Knight-Swift Transportation during the 3rd quarter valued at $201,000. Cambiar Investors LLC boosted its stake in Knight-Swift Transportation by 1.2% during the 3rd quarter. Cambiar Investors LLC now owns 137,562 shares of the transportation company’s stock valued at $4,994,000 after purchasing an additional 1,609 shares in the last quarter. Harvey Investment Co. LLC boosted its stake in Knight-Swift Transportation by 2.9% during the 3rd quarter. Harvey Investment Co. LLC now owns 385,041 shares of the transportation company’s stock valued at $13,977,000 after purchasing an additional 10,930 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Knight-Swift Transportation during the 3rd quarter valued at $1,089,000. Hedge funds and other institutional investors own 84.79% of the company’s stock.
A number of equities analysts have issued reports on KNX shares. Bank of America decreased their price target on Knight-Swift Transportation from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Goldman Sachs Group assumed coverage on Knight-Swift Transportation in a research report on Thursday, December 5th. They set a “buy” rating and a $45.00 price objective for the company. KeyCorp increased their price objective on Knight-Swift Transportation from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Cowen cut their price objective on Knight-Swift Transportation from $39.00 to $37.00 and set a “market perform” rating for the company in a research report on Friday, December 20th. Finally, Robert W. Baird reiterated a “buy” rating and set a $40.00 price objective on shares of Knight-Swift Transportation in a research report on Friday, December 20th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Knight-Swift Transportation currently has an average rating of “Buy” and an average price target of $40.50.
Shares of NYSE:KNX opened at $39.06 on Friday. Knight-Swift Transportation Holdings Inc has a one year low of $27.03 and a one year high of $39.97. The stock has a fifty day moving average of $37.30 and a 200-day moving average of $36.23. The company has a market capitalization of $6.76 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.28 and a beta of 1.82. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.29 and a current ratio of 0.90.
Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Knight-Swift Transportation had a return on equity of 6.68% and a net margin of 6.38%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The company’s quarterly revenue was down 14.2% compared to the same quarter last year. As a group, research analysts forecast that Knight-Swift Transportation Holdings Inc will post 2.06 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Tuesday, March 3rd will be issued a $0.08 dividend. The ex-dividend date is Monday, March 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.82%. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.06. Knight-Swift Transportation’s dividend payout ratio is presently 11.06%.
Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
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